MANILA – Independent retailers of liquefied petroleum gas yesterday slashed product prices by P1 per kilo.
LPG Marketers Association party-list Rep. Arnel Ty said the P1 rollback would translate into a P11-markdown per tank since a regular cylinder of LPG weighs 11 kilos.
Last May 16, the group, composed of independent retailers of cooking gas, also shed P1 per kilogram off their prices.
LPG/MA member-brands include Island Gas, Regasco Gas, Pinnacle Gas, Cat Gas, M-Gas, Omni Gas and Nation Gas.
Ty attributed the continued price cuts to the downtrend in world contract prices of LPG.
As such, he said consumers can look forward to more price reductions on LPG products, possibly reaching up to P5 per kilo.*PNA